Benefits Consultant, Specialist at Vanguard

Hyderabad, Telangana, India

Apply Now

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment ManagementIndustries

Requirements

Minimum 5 years of experience in benefits administration, design, or analysis
Bachelor’s degree (BBA/B.Com/B.A. in Human Resources, Business)

Responsibilities

Develop and deliver benefits policies and guidelines in line with the global enterprise strategy
Serve as an inquiry escalation point for benefits-related inquiries
Process data collection and input for the global benefits database
Participate in and manage department-level projects of moderate to high complexity
Partner with legal, risk, and finance partners to ensure regulatory and statutory compliance related to benefits
Process benefits transactions and requests and compile information regarding transaction data, benefit budgets, and final costs for financial analysis reports
Evaluate and make recommendations on selected business changes with benefits implications
Assist in the evaluation and refining of benefits processes
Participate in the implementation of new or enhanced benefits programs
Provide consultation to the business and Human Resources leadership on global benefits issues
Consult on benefits-related issues and partner with various stakeholders to resolve or improve benefits programs
Conduct evaluations on specific benefit plan market competitiveness globally and develop detailed plans to address gaps as needed based on consultation with key stakeholders
Perform trend analysis and conduct industry best practices research to support enterprise decision-making
Implement communication programs and training on self-service access to increase benefits program transparency and accessibility
Communicate with benefits vendors, support the vendor selection and contract process, and initiate updates to the vendor service level agreement
Build and maintain a comprehensive understanding of benefit practices for multiple industries
Surface trends, changes in employment law, regulatory matters, or compliance requirements, and other factors that impact the design and implementation of benefit programs
Design and manage comprehensive employee benefit programs, including health and welfare, retirement, life insurance, disability coverage, and related offerings, ensuring alignment with organizational strategy and employee needs
Conduct benchmarking and cost analysis to evaluate benefits coverage and competitiveness within the market, identifying areas for improvement or redesign
Provide guidance and communication to employees and management on benefit plan features, policies, and available options to enhance understanding and engagement
Collaborate with insurance brokers, pension consultants, and external advisors to review, negotiate, and implement effective benefits solutions that balance cost efficiency with employee satisfaction
Participate in special projects and perform other duties as assigned

Skills

Benefits Administration

Benefits Program Design

Vendor Management

Regulatory Compliance

Data Analysis

Project Management

Benchmarking

Policy Development

Financial Analysis

Process Improvement

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters

1975Year Founded

SECONDARYCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.

Vanguard's stake in Steelcase exposes it to the volatile furniture market.

New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.

The firm offers low-cost investment products, making it attractive to cost-conscious investors.

Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.

The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.

Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

Land your dream remote job 3x faster with AI

Try Jobo Free